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DRIVE-SUMMER
2014
PROGRAM
-MBADS (SEM 3/SEM 5) MBAFLEX/ MBA (SEM 3) PGDPMN (SEM 1)
SUBJECT
CODE & NAME PM 0010 – INTRODUCTION TO PROJECT MANAGEMENT
BK
ID- B1936
CREDIT
& MARKS - 4 CREDITS & 60 MARKS
Q1. Case Study: New Age Constructions
New
Age is a building construction organisation based in Bangalore. The
organisation, which was established in the year 2005, is relatively new in this
sector. The activities of the organisation are limited to Bangalore. There are
a number of well-established builders in Bangalore. Therefore, initially New
Age found it difficult to obtain large projects and undertook only small
building projects.
However,
recently, New Age has got a lucrative contract for building a large shopping
mall. The organisation finds the contract to be a stepping stone of its future
success. Therefore, it is striving to deliver the project on time and within
the planned budget. The organisation has hired Mr. Sinha as the project
manager.
To
carry out the assigned project, Mr. Sinha has emphasised on three principles of
project management including the principle of project strategy, the principle
of team building, and the principle of satisfaction. During the project, Mr.
Sinha communicated the relevant project information to all the team members.
However, he did not prioritise maintaining a thorough documentation of the
entire project.
Seven
months into the project, Mr. Sinha faced some major issues. He was asked by the
management of the organisation to provide a complete project report on a
day-to- day basis. Moreover, it was also noticed that he used some extra human
resource, which affected the project’s cost management as well. Mr. Sinha did
not even consider the triple constraints of the project
Questions:
a.
As a project manager of New Age, which knowledge areas and principles would you
like to follow the most?
b. Do you think considering the triple
constraints would have helped Mr. Sinha? Justify your answer.
(Summarise
the various knowledge areas and principles in brief you would follow as a
project manager of New Age , Give your opinion if triple constraints would have
helped Mr. Sinha , Provide justification
for the opinion ) 6, 1, 3
Answer.
a.
As a project manager of New Age, which knowledge areas and principles would you
like to follow the most?
For successful project
management, I, as a project manager needs to prepare a proper project plan, set
targets and milestones, plan for resource requirements, procure resources, recruit
a workforce, implement the plan, monitor progress and complete the project
within the set time. To carry out these activities efficiently, project management
Q2.
Describe the five phases of a generic
project lifecycle.
(Describe
each phase of a project lifecycle) 10 (
2 marks for each phase)
Answer.
Phases of a generic project lifecycle
A project passes
through a number of phases. In project management literature, numerous project
lifecycle models are
available that can be
implemented in different types of projects. A generic
Q3.
Write short notes on:
1. Work
breakdown structure
2. Product
line analysis
3. Capital
rationing
4. Challenges
in Social Cost Benefit Analysis (SCBA)
(Work
breakdown structure, Product line
analysis, Capital rationing, Challenges in Social Cost Benefit Analysis
(SCBA)) 10 (2.5 marks each)
Answer.
Work breakdown structure
Work breakdown
structure refers to the breaking down of large complex work structure into
smaller doable tasks. It is one of the most crucial components of the project
planning process. It provides a framework to organise and manage
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Q4. How would you classify the sources of
financing infrastructure projects?
(State
the meaning of source of finance,
Explain the external and Domestic sources of finance available in the
infrastructure financing, List financing sources available for infrastructure
projects in India in tabular format 2, 2, 2, 4( 2 marks for domestic sources
and 2 marks for external sources) 10
Answer.
Meaning of source of finance
It is true that the
economic infrastructure of India is gradually evolving, but there is still a
dearth of an adequate flow of long-term funds in India. This creates problems
in stabilising the cash flow. In India, most of the available funds are for
short tenure. Moreover, financial instability and high cost of debt also make
it difficult to raise long-term
Q5. Discuss the different types of project
termination. A Discuss the types of project termination with suitable examples
10(2.5 marks each) 10
Answer.
Q6.
How is a monitoring system designed?
(Explain
what is done in each step of the process of designing a monitoring system) 10(2
marks each)
Answer.
The monitoring process
involves identifying deviation in the overall performance of a project.
Therefore, a monitoring system is designed to spot the key characteristics,
such as performance, cost and time of the project. The steps involved in
designing a
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